"The construction/permanent loan feature allows Davis to take advantage of today's low interest rates, while allowing the flexibility to enhance the value of these properties by creating additional parking to meet tenant needs," says Cassum. "HFF was able to match different lenders with the appropriate loan structure to obtain the best possible combined financing for the client."

The $42.6 million fixed-rate, construction/permanent loan secured for 850 Boylston St. and a new to-be-built parking garage, was placed with Cigna Investments Inc. The permanent portion of the loan was funded at closing, and the construction portion will be funded over time to pay for the cost of the new parking garage. The five-story, medical office building was built in 1969 and renovated in 1989. The property features an atrium lobby, central courtyard and full-service cafeteria. Brigham and Women's Hospital currently occupies 90% of the building.

An $8.9 million, 10-year, fixed rate loan secured for 830 Boylston St. was placed with Citigroup's securitized lending group. It is a two-story, multi-tenant medical office building that was constructed in 1958 and expanded in 1989. The property is 100% occupied by doctors, centers and clinics affiliated with the New England Baptist, and Brigham and Women's Hospitals.